There’s been a few headlines that have slipped under the radar with everything going on so here’s a quick round up

Latest swiss prices for those who still don’t have them

  • EUR/CHF 1.0270 H 1.2010 L 0.8517
  • USD/CHF 0.8770 H 1.0221 L 0.7406
  • GBP/CHF 1.3383 H 1.5547 L 1.1729
  • CHF/JPY 132.80 H 155.36 L 114.98
  • Prices are from Bloomberg

If there’s any other swiss prices you need because of positions you have but have no prices for let us know. Don’t be asking for things like MXN/CHF though

  • Danske and Nordea banks say that SNB move may put pressure on the Danish central bank to follow suit. Danske says they may need to cut rates
  • November EZ trade balance came out at 20.0bn vs 19.6bn exp. Prior 24.0bn Exports +0.2%. Imports 0.0%
  • German econ ministry sees signs of stronger growth mounting in monthly report
  • Hungary’s fin min says they were proven right to cut fx exposure after SNB move (hungary had a lot of CHF mortgage exposure)
  • Poland’s fin min postpones bond tender deadline after SNB move
  • Switzerland’s SMI index tardes down 11.0% at 8184. Low was 7932
  • Irish Dec HICP -0.3% vs +0.2% prior y/y. -0.4% vs -0.3% prior m/m
  • Fitch says there will be material rating impact if eurozone deflation persists
  • OPEC raise 2015 world oil demand forecast by 30k bpd to 1.15m
  • Cuts 2015 OPEC produced crude forecast by 140k bpd to 28.78m, lowest in more than 10 years
  • Cuts non-OPEC supply growth by 80k bpd to 1.28m
  • Secondary sources say OPEC output was up 142k bpd in Dec vs Nov to 30.20m
  • Saudi output up 20k bpd to 9.63m
  • UBS says direct effect on Swiss goods exporters is around CHF5bn or roughly -0.7% of GDP